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Telstra sells 70% stake in Sensis
2014-01-13 00:30:00| Telecompaper Headlines
(Telecompaper) Australia's Telstra has entered into an agreement to sell a 70 percent stake in its directories business, Sensis. Telstra will sell the stake to US based private equity firm, Platinum Equity for AUD 454 million. The sale excludes the voice services business and includes economic benefits to Telstra from services it will continue to provide to Sensis. Telstra will retain a 30 percent shareholding. The sale proceeds are incremental to Telstra's FY14 free cashflow guidance of AUD 4.6 to 5.1 billion. Telstra expects to book an accounting loss on Sensis of approximately AUD 150 million subject to completion timing and adjustments.
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Inversiones Mundial sells stake in JV firms to Sun Chemical
2014-01-07 01:00:00| Packaging Gateway
Inversiones Mundial has sold the remaining stake in its joint venture (JV) firms Tintas and Sinclair, which supply printing inks and related graphic arts products to the packaging sector, to Sun Chemical.
Tags: sun
chemical
firms
mundial
Mondelez sells majority stake in SnackWell's to Brynwood company
2014-01-03 01:00:00| Food Processing Technology
US food and beverage firm Mondelez International has sold a majority stake in its SnackWell's cookies and snacks business to Back to Nature Foods, a portfolio company of Brynwood Partners VI.
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Murdoch sells China television stake
2014-01-02 20:46:47| BBC News | Business | UK Edition
Rupert Murdoch's 21st Century Fox is selling its 47% holding in Chinese television company, Star China TV.
Tags: china
television
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UK: Molson Coors sells Tradeteam stake to DHL
2014-01-02 16:21:00| Daily beverage news and comment - from just-drinks.com
DHL has taken full control of UK drinks logistic business Tradeteam after buying out its joint-venture partner, Molson Coors.
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